Amid the early signs of revival of the economy, RBI has been proactively nursing the financial ecosystem system with ample liquidity to accelerate credit growth. Manufacturing Purchasing Managers Index (PMI) has gone up to 58.9 in October 2020, the highest in more than a decade. Service sector PMI also increased from 49.8 in September to […]Read More
The recent near-collapse of Lakshmi Vilas Banks (LVB) is the clear sign of continuing indifference of banks in implementing corporate governance (CG) practices. It is now gasping for survival with worried depositors. Such successive debacles in financial sector expose the fragile governance even when it functions under the regulatory surveillance. Despite constant regulatory and supervisory […]Read More
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